Yassine

@Uniswap brought spot trading onchain. @HyperliquidX led the perpetuals narrative. Decentralized options infrastructure is the missing derivatives vertical, and @derivexyz sits at the front row. I've seen many targeting $1 for $DRV. Here is an actual valuation framework and a conservative path to the billion dollar valuation.

Polymarket usage up 100x, Polygon price down -90% This tells us 3 things: 1) as long as you’re building sth with proper product market fit and abstracted UX, the ecosystem shouldn’t matter 2) underlying chains don’t accrue the value of the applications built on top 3) infra is dead, long live actual use cases

[ ZOOMER ] INTERCONTINENTAL EXCHANGE, THE NYSE’S PARENT COMPANY, INVESTS ANOTHER $600M IN POLYMARKET: BBG

Godspeed to their legal team.

Kalshi just cleared a major hurdle with approval to offer margin trading. Users, especially hedge funds and institutional players, will be able to take leveraged positions on event outcomes, pushing prediction markets closer to traditional derivatives trading. CEO Tarek Mansour says margin is coming soon.

wow google might've popped the ai bubble, memory stocks down massively today: their new algorithm shrinks an AI model's memory by 6X WITHOUT reducing it's intelligence making it 8x faster with the SAME # of GPUs: if this works - we don't need as many GPUs to train AI - kv-cache is basically a model's short term memory. it gets massive pretty quickly = larger, slower, expensive ai - google's algo compresses it to just 3-bits with ZERO loss in accuracy (usually models are like 32-bit) the combined market cap of micron and sandisk is $527 billion and im not even factoring in SK hynix and samsung ai has driven up memory prices by 500%+ over the last few months - if google's algo scales then this might crash.

We used to celebrate doing 2% of global silver volume. Now tradexyz does 2% of global crude volume. Dare to dream. Hyperliquid.

$CRCL falls ~15% after the CLARITY Act deal signals no yield on stablecoin balances by allowing only activity-based rewards. That weakens a key part of the bull case by making USDC harder to evolve from a payments utility into a real store-of-value product.

1/ Millions in bad debt, at the time of writing, were created across Gauntlet's Morpho vaults from the Resolv USR exploit. Almost all of it was supplied ** after ** the exploit. So why would curators supply millions in USDC to a broken market? Let’s dive in.

LAWMAKERS TO INTRODUCE BIPARTISAN BILL BANNING SPORTS BETS ON PREDICTION MARKETS SUCH AS POLYMARKET AND KALSHI: WSJ

The top 250 pumpfun deployers: > extracted ~$79 MILLIONS from the trenches > deployed 194K tokens (1,100 per day) in the last 6 months > produced only ~10 tokens with a 5M+ MC Full list 👇

Fertilizer prices have moved up to their highest levels since September 2022, rising 44% YoY. About a third of global fertilizer supply passes through the Strait of Hormuz. This will drive food price inflation higher in the coming weeks/months. Video: youtube.com/watch?v=L3o7T1…

Breaking: According to @ai_9684xtpa, ResolvLabs’ stablecoin USR appears to have suffered a suspected exploit after an address minted 50 million USR with only about 100k USDC, sending USR down 74.2% to $0.257 before rebounding to around $0.78. The attacker has been converting the funds and has so far purchased about $4.55 million worth of ETH. Blockchain security firm PeckShield said roughly $80 million worth of USR has been minted so far.x.com/ai_9684xtpa/st…

Two years ago many experienced people in DeFi tried to warn @0xfluid devs and cheerleaders that their protocol is super-risky, especially at any kind of scale, but they just wouldn't listen. Now they will be selling $fluid tokens at discount to cover $10m+ of "minor" bad debt.🤡 RIP $FLUID 🌊📉 $RLP $USR

In this regime, even “safe” carries beta: welcome to the era of the risk-full rate

$TAO Demonstrates Decentralized Frontier AI Milestone 👇

🚨The Iran War is putting the semiconductor industry on high alert: The shutdown of Qatar's Ras Laffan facility, the world's largest LNG export plant, has knocked out ~33% of global helium supply, as helium is a byproduct of natural gas processing. With the facility offline, the global market is losing ~5.2 million cubic meters per month, while there is almost no spare capacity as helium must reach end users within ~45 days before it evaporates. As a result, Helium spot prices have risen over +100% since the Iran War began. Notably, in 2025, Qatar produced 63 million cubic meters of helium, making it the 2nd-largest producer in the world after the US. If the disruption lasts 60 to 90 days, prices could surge another +50%, potentially exceeding $2,000 per thousand cubic feet, according to AKAP Energy. Helium is essential for semiconductor manufacturing, MRI machines, fiber optics, and space exploration, with no viable substitutes, meaning higher helium prices will directly raise the cost of making every chip in the world. Chipmakers hold ~6 months of inventory, but Samsung and SK Hynix are already scrambling to find alternative sources, with 64% of South Korean helium imports coming from Qatar alone. The Iran War is sending shockwaves well beyond the energy market.

Interesting — just 5 hours after Arthur Hayes(@CryptoHayes) bought $ETHFI, #Upbit announced its listing. x.com/lookonchain/st…